Business

Monday's drop erased all gains by the Dow this year, with the index down 1.51 percent since January 1. In the United States, the benchmark S&P 500 and the Dow Jones Industrial Average suffered their biggest percentage drops since August 2011 as investors grappled with rising bond yields and potentially firming inflation .

The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). Barnett & Company Inc who had been investing in Duke Energy Corp New for a number of months, seems to be less bullish one the $52.14 billion market cap company.

The league announced its full list of participants Tuesday, and Armstrong, who left KU a year early to enter the draft, was one of 29 Big 12 players deemed worthy of an invite. Ten players from the University of Georgia were invited along with one player from Georgia State and one from West Georgia. Headlined by Saquon Barkley, Penn State will see three offensive players and five on the defensive side of the ball attend the event in Indianapolis.

At its low , the Dow was down 1,597 points, before buyers rushed in and limited the decline. The index of 30 big-name US companies ended up at 24,912. An nearly 2 percent gain for Apple was at the heart of an nearly half percent gain for the Nasdaq Composite (.IXIC). Economically sensitive S&P materials, technology and consumer discretionary indexes advanced, while the rest sagged, led by a decline in rate-sensitive utilities, down 1.6 per cent.

Just a few hours after the late-in-the-day plunge that saw the Dow Jones Industrial Average slide as much as 6.3 percent, bourses over the other side of the world started to open, taking their cue from NY to provide Asian traders with their own white-knuckle ride.

It was the second day that markets in Europe and Asia fell. Almost £50 billion was wiped off the FTSE 100 as the London market fell prey to a global stock sell-off sparked by fears that rising inflation could force central banks to hike interest rates.